Mullen Automotive Inc (MULN)

[DewmBoom]

It is true that it does not impact on cash on hand and cash flow, but it does impact the number of common shares issued. As I stated, the number of shares between August 11 and August skyrocketed by 112M shares. These new shares were dumped into the market causing a share price drop after the last 1 to 9 RS on August 11. Hopefully by now they are absorbed because the number of shares traded since August 14 exceed 1B shares or more than factor of 10 the number of newly added shares to the float. Let’s see if we have any left this week. Also, this week some people will play a scare tactic due to the delisting notice that they need to appeal within 7 calendar days to stay listed on NASDAQ until the hearing panel make a decision in a couple of months from now. Hopefully by then, sp will be above $1 easily.